The Illinois Health Facilities and Services Review Board voted to postpone a vote on the change of ownership for 10 Advocate Aurora facilities in the state covered by the system’s plan to merge with Charlotte, N.C.-based Atrium Health, Becker’s reports.
Atrium and Advocate Aurora, dually headquartered in Milwaukee and Downers Grove, Ill., announced plans to merge into a 67-hospital system with upward of $27 billion in revenue in May.
The combined system would be headquartered in Charlotte and have footprints in Illinois, Wisconsin, North Carolina, South Carolina, Georgia and Alabama. The new corporate entity will be named Advocate Health, with each system continuing to use its respective brand in its respective local markets.
The Illinois Health Facilities and Services Review Board first voted 3-2 not to approve the applications for the change of ownership for Advocate Aurora’s nine hospitals and one ASC in Illinois. Later voting at the same meeting, the board moved to reconsider the vote. Read more.
